Terra

Cosmos

Terra Luna Classic&#8216;s (LUNC) price has experienced a 3% increase in the past 24 hours, reaching $0.00009765. This gain occurs in a largely stagnant <a href="https://en.coin-turk.com/" target="_blank" rel="noopener" data-wpel-link="internal">cryptocurrency</a> market within the same timeframe. 
<h2 style="text-align: justify;" id="lunc-performance">LUNC Performance!</h2>
Over the past week, LUNC has seen a 14% increase and a 7% rise in the last 30 days. However, unlike many other major tokens, LUNC has fallen by 32% since the start of the year. Despite this, the Terra Luna Classic community has recently proposed and implemented a series of plans to boost LUNC, indicating the cryptocurrency might recover lost ground soon. 
Continuing indications of LUNC&#8217;s upward trend are the rebound of the Relative Strength Index to 60 yesterday, following a slight dip at the start of the week. In other words, LUNC might still hold good momentum, as suggested by its 30-day moving average continuing to rise above its 200-day average. 
Such an increase indicates an influx of buying demand into the <a href="https://en.coin-turk.com/terra-luna-classics-lunc-price-takes-a-positive-turn-3-surge-in-24-hours/" target="_blank" rel="noopener" data-wpel-link="internal">LUNC</a> market. The token&#8217;s rising support level contributes to this positive picture, indicating that it&#8217;s consolidating around higher lows. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-83889 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/luna.png" alt="" width="1398" height="824" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/luna.png 1398w, https://en.coin-turk.com/wp-content/uploads/2023/06/luna-288x170.png 288w, https://en.coin-turk.com/wp-content/uploads/2023/06/luna-768x453.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/luna-1200x707.png 1200w" sizes="(max-width: 1398px) 100vw, 1398px" />
<h2 style="text-align: justify;" id="lunc-developments">LUNC Developments!</h2>
Considering the current volatile state of the broader market (due to recent SEC sanction actions), LUNC&#8217;s chances of dipping again in the upcoming days and/or weeks are noted. However, considering how oversold the cryptocurrency has been in recent months, it might need to rally a bit more. 
Hopes for LUNC have been bolstered in the past few weeks by recent Terra Luna Classic proposals. These include the establishment of a test environment to re-stabilize USTC. Also, yesterday saw the acceptance of a proposal that will enable Terra Luna Classic&#8217;s blockchain to gain more parity with the Cosmos ecosystem, making it more compatible with other blockchains and applications. 
The post <a rel="nofollow" href="https://en.coin-turk.com/terra-luna-classic-lunc-price-rise-a-bright-spark-in-a-sluggish-crypto-market/" data-wpel-link="internal">Terra Luna Classic (LUNC) Price Rise: A Bright Spark in a Sluggish Crypto Market </a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Terra Luna Classic (LUNC) Price Rise: A Bright Spark in a Sluggish Crypto Market

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